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Otgonganbat
Otgonganbat is 42 years old, married to Munkhjargal, a 45-year-old woman. Their marriage has been blessed with two children, Uyanga, aged 21, a university student, and Khansumberel, a seven year-old son who attends primary school. The family lives in a small house in the outer district of Ulaanbaatar. Munkhjargal has been operating fruit wholesale business at Bars, a local outdoor market, since 1999. She imports her products from Ereen, the border city of China, and sells to local stores and outside of the city as well. Her business has been developing considerably during the last few years hence she has a large number of constant customers.

Otgonganbat is requesting 3.700.000.00 MNT /Mongolian Tugriks/ loan to cover his house with bricks and block stones. Since the temperature goes below -40 C during the winter time in Ulaanbaatar, he wants to make his small house warm and cozy.

Otgonganbat graduated from the Railway University and National Academy of Governance in 2005. Since then he has been working as an engineer at Ulaanbaatar Train Station. He is a hard-working, responsible and trusted client of our institute who is very thankful for the lenders for giving him an opportunity to improve his family’s living standard.

Additional Information

About Transcapital

Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,249.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Otgonganbat to buy essential materials to renovate his small house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 4, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011